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                <a href="/en/Index.aspx">Home</a> > <a href="/en/Biz/CoreAsset/Overview.aspx">Our Business</a>
                > <a href="/en/Biz/CoreAsset/Overview.aspx">Core Asset Operation</a> > New Chemical
                Materials</p>
            <p class="title_big">
                <img src="/en/!images/lianhong.jpg" /><br />
                Levima Group</p>
            <p class="s_info">
                As a member of Legend Holdings, Levima Group operates specifically in the
                areas of refined chemicals and new chemical materials. Focusing on innovative chemical
                business with great potential, Levima is dedicated to building large, influential,
                integrated and competitive chemical complexes.
                <br />
                <br />
                Levima has five subsidiaries—Shenda Chemicals, Haoda Chemicals, Zhongyin Chemicals,
                Guozhuang Coal Mine, and Tianjin Levima Chemicals Trading Limited – as well as the
                Changzhou Refined Chemicals R&D Center, with about 5,000 employees. It is building
                a high end olefin deep-processing chain with methanol as its feedstock, in Tengzhou,
                Shandong province. It is also building a new industrial chain in Wenshang, Shandong
                province. Total investment of these projects is about 9 billion yuan (US$1.43 billion).
                They are expected to generate annual sales of more than 10 billion yuan (US$1.59
                billion).
            </p>
            <p class="title_small">
                Description of the subsidiaries of Levima Group:</p>
            <p class="title_small">
                <img src="/en/!images/shenda.jpg" /><br />
                Shenda Chemicals Co., Ltd.</p>
            <p class="s_info">
                Shenda Chemicals (Shandong) is located in the Lunan High-tech Chemical Industry
                Park of Tengzhou, Shandong province. It produces olefin products from methanol,
                with 1 million tons p.a of methanol processing capacity. Its main products are polypropylene
                (200,000 tons/year), ethylene (170,000 tons/year), and C4 and C5 (60,000 tons/year).
                <br />
                <br />
                Shenda Chemicals applies DMTO technology, on which China has proprietary intellectual
                property rights, and the world’s leading polypropylene technology. Plant technology
                is also world class. This is an important project in Shandong Province with an investment
                of 3.5 billion yuan (US$ 556 million). It is expected to start production in 2014.
            </p>
            <p class="title_small">
                <img src="/en/!images/haoda.jpg" /><br />
                Haoda Chemicals Co., Ltd.</p>
            <p class="s_info">
                Haoda Chemicals Co., Ltd. (Shangdong) produces ethylene-ethylene acetate (EVA) copolymer
                (100,000 tons/year), ethylene oxide (30,000 tons/year), and ethylene oxide derivatives,
                such as polymers and non-ionic surfactants.
                <br />
                <br />
                The Haoda plant adopts the most advanced technology in the world. Total investment
                is about 3.8 billion yuan (US$603 million). It is expected to go into production
                in 2014.
            </p>
            <p class="title_small">
                <img src="/en/!images/zhongyin.jpg" /><br />
                Zhongyin Chemicals Co., Ltd.</p>
            <p class="s_info">
                Zhongyin Chemicals Co., Ltd. (Jining) was built in 1966 in Jining, Shandong province,
                and has 1,380 employees. It is an important player of China’s chlor-alkali industry
                and one of the first enterprises under the former Chemical Industry Ministry. It
                has been recognized as a leading Shandong provincial enterprise many times. Its
                main products are caustic soda (250,000 tons/year), PVC, chlorobenzene, hypochlorousacid,
                chlorinated paraffin, and hydrochloric acid.
                <br />
                <br />
                The company is in the process of relocating to a chemical industry park at Wenshang
                County. Its new product portfolio focuses on refined chemicals, with an investment
                of 1.7 billion yuan (US$ 270 million). Installation will be completed and production
                will start in late 2012.
            </p>
            <p class="title_small">
                <img src="/en/!images/kuangye.jpg" /><br />
                Guozhuang Coal Mine Co., Ltd.</p>
            <p class="s_info">
                Founded in 1989, Guozhuang Coal Mine (Tengzhou) specializes in coal mine development
                and operation. It owns the Guozhuang and Jinqiu coal mines, and has production capacity
                of 1.08 million tons a year. It employs more than 3,000 people and has won as many
                as 300 awards and honors, including “Class A Mine” certified by National Security
                & Quality Standards, “Outstanding Company With Honorable Business Operation” and
                “Level 8 Safety Certification” issued by Shandong Provincial government, and one
                of the Top 100 enterprises in Zao Zhuang city.
            </p>
            <p class="title_small">
                Tianjin Levima Chemicals Trading Limited</p>
            <p class="s_info">
                Tianjin Levima Chemicals Trading Limited is located at the Service & Outsourcing
                Coastal Zone of Tianjin City. It was established on July 6, 2012 with a registered
                capital of 100 million yuan (US$ 15.87 million). Its major scope of business includes
                sales of products of Levima Group, as well as related trading and import/export
                affairs.</p>
            <p class="title_small">
                Legend Holdings - Changzhou University Refined Chemicals R&D Center</p>
            <p class="s_info">
                The Legend Holdings - Changzhou Refined Chemicals R&D Center was jointly established
                by Legend Holdings and Changzhou University. Focusing on related businesses of Levima
                Group, it conducts product development and research about the application of
                refined chemicals and new chemical materials.</p>
            <div class="business_infobar">
                <img src="/!images/leader_zym.jpg" />
                <div class="business_leader">
                    <p>
                        Zheng Yueming<br />
                        Assistant President, Legend Holdings Limited</p>
                    <p class="leader_post">
                        Chairman and President, Levima Group</p>
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                <p class="clear">
                </p>
                <p class="business_info">
                    Mr. Zheng Yueming joined Legend Holdings in May 2010 and served successively as
                    a Director in the Strategic Investment Division, Assistant President of Legend Holdings,
                    General Manager of the Chemical Business Unit of Legend Holdings, and Chairman and
                    President of Levima Group.
                    <br />
                    <br />
                    Before joining Legend Holdings, Mr. Zheng worked at several large oil refineries
                    and chemical enterprises, such as Sinopec’s Petrochemical Plant at Jinmen City,
                    Jiangsu Coing Special Asphalt Ltd. and Jiangsu GPRO Group, in senior managerial
                    and executive roles in production, technology, operations, and strategy.
                    <br />
                    <br />
                    Mr. Zheng graduated from the East China University of Science and Technology with
                    a Master’s in Chemical Engineering.
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